Exclusive: Canada's Bombardier explores options for rail business

April 10, 2015 11:47 AM

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LONDON (Reuters) - Bombardier (BBDb.TO) is exploring options to monetize its transportation unit potentially worth up to $5 billion, as the Canadian group seeks to offset challenges within its aircraft business, six sources familiar with the matter said.

The world's largest manufacturer of both planes and trains is working with banks on strategic options for its transportation arm, which provides rail vehicles, signaling and control equipment, the sources said on Friday.